Digital Procurement Summit 2023

Was recently invited to the Digital Procurement Summit 2023 at Kuala Lumpur, Malaysia as a Guest Speaker to talk about the Metaverse for Procurement Industry.

Addressed Top 50 Global industry experts on opportunities posed by The Metaverse and its implementation for their industry.

Proud to see global leaders embrace The Metaverse & Immersive Technology - Eagerly looking towards adoption & opportunity.

I have always believed that we come from an ‘Awareness first’ industry. The first step for adoption is to fully understand the nuances & possibilities inside-out before seeking exploration.

The Metaverse is definitely not for everyone & most definitely not for those looking to adopt because it’s a ‘Trend’. Sharing 3 crucial pieces of advice for business leaders considering Metaverse adoption:

🚀 𝐒𝐭𝐚𝐫𝐭 𝐰𝐢𝐭𝐡 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭:

Before diving into Metaverse adoption, ensure that your business's core objectives align with the potential benefits of this technology. The Metaverse isn't a one-size-fits-all solution. Identify specific pain points, opportunities, or goals within your procurement operations that the Metaverse can address.

🚀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐚𝐧𝐝 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧:

Business leaders should prioritize understanding Metaverse possibilities thoroughly. Seek expert guidance to comprehend the technology's potential applications, challenges, and implications for your industry.

🚀 𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐕𝐚𝐥𝐮𝐞 𝐎𝐯𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐬:

Evaluate how Metaverse solutions can bring sustained benefits to your procurement processes, workforce development, customer engagement, and overall business outcomes. Prioritize investments that align with your organization's long-term vision and growth strategy, ensuring that your adoption efforts withstand the test of time.

Rrahul Sethi
Digital Procurement Summit 2023
5 min read